3-room flat to be refurbished, fifth floor, Agios Petros kai Pavlos, Imittos

Property Code: 7-335. On the 5th floor of a well-maintained 1978 building (6 floors, 24 flats) with a brand-new lift, in a quiet lane of Agios Artemios (Gouva), this 122 sqm penthouse doesn’t just offer space – it commands light, veranda, and potential in a way that’s becoming rare in central Athens.
The sense of light is immediate.
East-facing orientation bathes the flat in sun until around 4 pm in winter, while the through layout and front-to-back openings create constant airflow and illumination.
The front veranda ≈35 sqm acts as an urban observatory: open views toward Hymettus in the distance – without street noise, thanks to the quiet-road façade. Think of it as a second living room (8-seater table, BBQ corner, planters, pergola-ready).
Current layout includes 2 bedrooms (realistic scope for a 3rd), wooden kitchen, bathroom and separate WC with window, internal storage ≈3 sqm, and clever built-ins (mezzanines and wardrobes).

Functional fireplace, solar water heater, central oil heating, pre-wiring for 4 A/Cs (premium inverter already in one bedroom), aluminium double-glazed windows and awnings complete the core setup.The overall feeling: air, height, freedom – exactly what you expect from a true penthouse near the centre.
The flat is in good functional condition but calls for aesthetic and energy upgrade – and that’s precisely where the value is created.
Investment Rationale – Clear Value PlayPurchase price: €250,000 → ≈ €2,050/sqmEstimated full renovation cost: €800/sqm → ≈ €98,000All-in total: ≈ €348,000Renovated penthouses in the wider Agios Artemios / Agios Ioannis zone currently value at €3,200–€3,700/sqm, especially with large outdoor space and top-floor premium (height, light, veranda).
→ Post-renovation value: €390,000 – €450,000
→ Potential uplift: €50,000 – €90,000 (unleveraged)For rental: a fully upgraded property of this size and character can command €1,500–€1,800/month, delivering stable yield in an area with enduring demand from families, professionals, and international tenants.The Result
A signature penthouse with a rare large veranda, in a neighbourhood with consistent demand for owner-occupation and premium letting.
Ideal for a family seeking character or an investor who spots value before the market does.
Location – Why Here8-minute walk to Agios Ioannis METRO Direct trolley (line 4) and bus routes (227, 856, A3) Plyta Square – the neighbourhood’s lively heart with greenery, market, schools, and Monday farmer's market Pangrati, Mets, and Hymettus a breath awayThis isn’t a showroom-ready flat.
It’s the penthouse project you buy at the right entry price and turn into a statement property – where the veranda and light repay every euro of the upgrade.An urban rooftop asset with a rare combination of light, outdoor space, position, and a clean investment case.
For owner-occupation with soul or an investor who reads the city – this penthouse has every reason to stand out.Visit today through PANTOU REALTORS.